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Listed by Peter M Yee • Yellow Sign Commercial Inc.
$ 729,900
Est. payment /mo
Price Dropped by $10K
512-514 Saint Paul ST Burlington, VT 05401
2,793 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,793 sqft
Price per Sqft $261
MLS Listing ID 5031301
Construction Status Existing
Year Built 1899
Annual Tax Amount $14,118
Tax Year 20242024
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Welcome to 512-514 Saint Paul Street. Located in Burlington's desirable South End, this property offers a range of possibilities for both new homeowners and seasoned investors. Although, we have the property leased until the end of May in the year 2026, this would be a great investment for a number of reasons. With two bedrooms in each unit, the property has been and is currently rented as 2 three-bedroom units. One unit is vacant until June 1st, 2025, when a year lease for $3,000/month commences. The vacant unit allows for immediate showings, while the occupied unit requires 48 hours' notice for viewing. The garage and residential corridor zoning offer potential for future development of additional units. While expenses are estimated, income figures are based on current and past leases. If you are looking to take some money out of the volatile stock market and take advantage of a recently renovated income producing property in a very desirable location with development opportunities you should come take a look.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Residential - Corridor
Rooms
Basement Entrance Interior
Basement Concrete Floor, Stairs - Interior, Sump Pump, Interior Access
Interior
Cooling None
Exterior
Garage Spaces 2.0
Utilities Available Cable - At Site, Gas - At Street
Roof Type Slate
Building
Story 2
Foundation Brick, Stone
Sewer Public Sewer On-Site
Architectural Style Duplex
Construction Status Existing
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